CeoTronics AG (FRA:CEK) LT-Debt-to-Total-Asset : 0.41 (As of Nov. 2023)

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What is CeoTronics AG LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. CeoTronics AG's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.41.

CeoTronics AG's long-term debt to total assets ratio increased from Nov. 2022 (0.00) to Nov. 2023 (0.41). It may suggest that CeoTronics AG is progressively becoming more dependent on debt to grow their business.

CeoTronics AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for CeoTronics AG's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CeoTronics AG LT-Debt-to-Total-Asset Chart

CeoTronics AG Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.12

0.09

0.16

0.25

0.21

CeoTronics AG Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.25	-	0.21	0.41

CeoTronics AG LT-Debt-to-Total-Asset Calculation

CeoTronics AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	6.296	/	29.364
	=	0.21

CeoTronics AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	15.523	/	37.664
	=	0.41

CeoTronics AG (FRA:CEK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

CeoTronics AG LT-Debt-to-Total-Asset Related Terms

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CeoTronics AG (FRA:CEK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CEK:Germany

Address

Ceotronics AG, Adam-opel-strac E 6, Rödermark, DEU, 63322

Website

http://www.ceotronics.com

CeoTronics AG is a provider of short-range mobile digital wireless radio networks and communication headsets and systems for professional use.

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